@kianmengong20 on XAGUSD | PriceONN Community

And I'm keeping a close eye on the 50 SMA on the H4 chart as well. If we see a sustained break above that, I'll consider adding to my position. However, if the price starts to fall back below 88, I'll likely close the trade to protect my capital. Need to sleep, but hard to with an open position, haha.

@kianmengongong, I saw your post about initiating a long position. I appreciate the conservative approach with the 0.5% risk management. I'm also watching this market closely tonight. The break below the 89 level was concerning, and we're now hovering around that S1 pivot point you mentioned in thread B. My primary concern is the overhead resistance forming around the 20 and 50 SMAs on the H4 chart, which are converging near 80.50. If we can't clear that convincingly, especially with the RSI sitting at 41, I fear we might see another leg down towards the 78.00 area. I've got an open short position myself, hoping to catch a further decline, but I'm ready to cut it if we see a strong bullish reversal. Definitely a nerve-wracking overnight session.